Inflation is a positive value in the inflation rate and means a general decrease in purchasing power for the domestic currency in the country in question and a general increase in prices of goods and services compared to the currency—if the inflation rate is negative, that indicates deflation, a general decrease in prices of goods and services traded for a country's domestic currency.
The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services during a month.
Changes in CPI are used to assess price changes associated with the cost of living.″[3] The following table provides information on consumer price indices (CPI) with base year 2010 and, in addition, annual growth rate indicator, based on data published by World Bank.
The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services during a month.
Venezuela is excluded from the calculation of regional and world aggregations due to its exceptionally high rate of inflation.